S&P 500:Bullish Divergence and 61.8% retracement

June 15, 2016

Pattern formed - classic bullish divergence. Potential Reversal Zone- 2060. S&P500 has recovered after making a low of 2063.70.it is currently trading around 2078. Short term trend is lightly bullish as long as support 2060 holds.

Any indicative break below 2060 will drag the index down till 2052 (90 day EMA)/2044. S&P500 index resistance is around 2077 (200 4H MA) and any break above targets 2088/2093/2108.50. It is good to buy at dips around 2072-75 with SL around 2060 for the TP of 2098/2108

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

January 23, 2017
Can Supreme Court Ruling Help GBPUSD Remain Bullish ?
Tomorrow, Tuesday 24 January, around 09:30 GMT, the UK Supreme Court will release the Brexit lawsuit Ruling, on whether the UK Prime Minister Theresa May will need the UK parliament’s approval to invoke Article 50 of the Lisbon Treaty, to leave the EU...
January 20, 2017
Cautious EURUSD Ahead of ECB Press Conference
USD, and the US government bond yields, surged last night following Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco...
January 19, 2017
Is equilibrium out of reach?
Let’s check what’s going on with Oil before turning our attention to the Russian Ruble. “Black gold” is forming a reversal pattern next to the key level of 52.10. The only matter is that this pattern is above the horizontal level, but the 52.10 level can potentially become the neckline of our pattern...

Orbex Rating
Z.com Trade Rating
OANDA Rating
FXCM Rating
Fort Financial Services Rating
FBS Rating

24option Rating
GTOptions Rating
TopOption Rating
Porter Finance Rating
Dragon Options Rating
OptionBit Rating